News Section:  Bureau of Economic Analysis

Gross Domestic Product by Industry, 3rd quarter 2015

January 21, 2016

Retail trade; health care and social assistance; and agriculture, forestry, fishing, and hunting were the leading contributors to the increase in U.S. economic growth in the third quarter of 2015, according to statistics on the breakout of gross domestic product (GDP) by industry released today by the Bureau of Economic Analysis (BEA). Overall, 15 of 22 industry groups contributed to the 2.0 percent increase in real GDP in the third …click to read more…

U.S. International Investment Position, 3rd quarter 2015

December 29, 2015

The U.S. net international investment position at the end of the third quarter of 2015 was -$7,269.8 billion (preliminary) as the value of U.S. liabilities exceeded the value of U.S. assets (chart 1, table 1). At the end of the second quarter, the net investment position was -$6,743.1 billion (revised). Highlights The $526.7 billion decrease in the net investment position reflected net other changes in position of -$514.9 billion and …click to read more…

State Quarterly Personal Income, 1st quarter 2015 – 3rd quarter 2015

December 21, 2015

State personal income grew 1.3 percent on average in the third quarter of 2015, the same pace as in the second quarter, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income grew in every state with third-quarter personal income growth rates ranging from 0.6 percent in Alaska to 2.2 percent in Nebraska and South Dakota (table 1). Earnings by state and industry. Overall, earnings increased …click to read more…

U.S. International Transactions, 3rd quarter 2015

December 17, 2015

NOTE: See the navigation bar at the right side of the news release text for<!– a link to an important note about the comprehensive restructuring of the International Economic Accounts. Also see–> links to data tables, contact personnel and their telephone numbers, and supplementary materials. U.S. International Transactions: Third Quarter 2015 Current Account The U.S. current-account deficita net measure of transactions between the United States and the rest of the …click to read more…

Travel and Tourism Satellite Accounts, 3rd quarter 2015

December 16, 2015

Real spending (output) on travel and tourism decelerated in the third quarter of 2015, increasing at an annual rate of 4.3 percent after increasing 8.4 percent (revised) in the second quarter of 2015. Real gross domestic product (GDP) also decelerated, increasing 2.1 percent (second estimate) in the third quarter after increasing 3.9 percent. The leading contributors to the deceleration in the third quarter were “traveler accommodations” and “recreation and entertainment.” …click to read more…

Gross Domestic Product by State, 2nd Quarter 2015

December 10, 2015

Quarterly Gross Domestic Product by State, 2005 Through 2nd Quarter 2015 Today, the U.S. Bureau of Economic Analysis (BEA) released–for the first time–gross domestic product (GDP) by state for 21 industry sectors on a quarterly basis.1 These new statistics supplement BEA’s national quarterly GDP by industry statistics first released in April 2014. These new data provide timely information on how specific industries contribute to accelerations, decelerations, and turning points in …click to read more…

Personal Consumption Expenditures by State, 1997-2014

December 1, 2015

Today, the U.S. Bureau of Economic Analysis released its first set of official statistics on personal consumption expenditures (PCE) by state for 1997-20141. PCE by state – the measure of goods and services purchased by or on behalf of households by state of residence – provides insight into household spending patterns across states and can be used together with other regional data to gain a better understanding of regional economies. …click to read more…

New Foreign Direct Investment in the United States, 2014

November 30, 2015

Expenditures by foreign direct investors for new investmentthat is, to acquire, establish, or expand U.S. businessestotaled $241.3 billion in 2014, according to the Bureau of Economic Analysis (BEA) in statistics released today. Acquisitions accounted for most of the investment. Introduction to New Statistics With todays release, BEA for the first time is producing statistics on how much foreign direct investors are spending to acquire, establish, or expand U.S. businesses. These …click to read more…

Local Area Personal Income, 2012 – 2014

November 19, 2015

Personal income grew in 2014 in 2,662 counties, fell in 438, and was unchanged in 13, according to estimates released today by the U.S. Bureau of Economic Analysis. On average, personal income rose 4.6 percent in 2014 in the metropolitan portion of the United States and rose 3.2 percent in the nonmetropolitan portion. The metropolitan and nonmetropolitan portions grew 1.1 percent and 1.9 percent, respectively, in 2013. The percent change …click to read more…

Gross Domestic Product by Industry, 2nd quarter, 2015

November 5, 2015

Finance and insurance; professional, scientific, and technical services; and wholesale trade were the leading contributors to the increase in U.S. economic growth in the second quarter of 2015, according to statistics on the breakout of gross domestic product (GDP) by industry released today by the Bureau of Economic Analysis (BEA). Overall, 18 of 22 industry groups contributed to the 3.9 percent increase in real GDP in the second quarter. Finance …click to read more…